Tag: economy
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Why the economy is not yet listening to the chancellor’s battle cry | Money News
Read Latest News Since the turn of the year the chancellor Rachel Reeves has had a single priority, repeated loud and clear at every opportunity; growth. It was a battle cry repeated from Beijing to Cape Town via Davos and repeatedly at home but, judging by figures for January, the economy is not yet listening.…
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Economy finds reverse gear in January with surprise contraction | Money News
Read Latest News The UK economy shrank at the start of 2025, according to official figures which had been expected to show further meagre growth. The Office for National Statistics (ONS) said that output declined by 0.1% during the month following the 0.4% growth seen in December. A growth figure of 0.1% had been tipped…
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UK economy shrank by 0.1% in January
Read Latest News A slowdown in manufacturing was one of the main reasons for the dip, the Office for National Statistics says. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t…
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Americanswers…on 5 Live! Is Trump worried about the US economy?
Read Latest News Americanswers…on 5 Live! Is Trump worried about the US economy? Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top Treasures & Fan Favorites!
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Data, waves and wind to be counted in the economy
Read Latest News Wind and wave power is set to be included in calculations of the size of countries’ economies for the first time, as part of changes approved at the United Nations. Assets like oilfields were already factored in under the rules – last updated in 2008. This update aims to capture areas that…
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Trudeau says US wants to collapse Canada’s economy with tariffs
Read Latest News Nadine Yousif and James FitzGerald BBC News, Toronto and London Watch: ‘A dumb thing to do’ – Moments from Trudeau’s speech slamming US tariffs Prime Minister Justin Trudeau slammed Donald Trump’s sweeping tariffs on Canada, calling it a “very dumb thing to do” and vowed to conduct a “relentless fight” to protect…
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Mayor Sadiq Khan aims to boost capital’s economy
Read Latest News Getty Images Increasing growth productivity is the “key” to higher wages and better public services, the mayor of London says Plans to “turbocharge” economic growth in the capital will create 150,000 jobs and make Londoners better off, according to the mayor of London. Along with London Councils – a cross party group…
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How net zero push is impacting Britain’s economy – including some nice salary bumps | Politics News
Read Latest News The net zero sector has grown by 10% over the past year – adding £83bn to the UK economy, a new study suggests. Employment in green businesses and industry has also climbed 10%, supporting the equivalent of 951,000 full-time jobs (2.9% of total UK employment). Politics latest: PM warns of ‘crucial moment’…
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German election: Voting under way after campaign focused on economy and migration | World News
Read Latest News Voters are heading to the polls in Germany’s general election. They are electing a new parliament after a campaign focused on the state of Europe’s biggest economy and calls to restrict migration. The vote also comes at a time of fragile relations between Europe and the US over Ukraine’s future in its…
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University applications drop leading to economy concerns
Read Latest News Wales will be at an “economic disadvantage” to other UK nations if it doesn’t increase the number of students going to university, according to the sector. Universities Wales – which represents Wales’ nine institutions – said action was needed with latest admissions showing 32% of Welsh 18-year-olds applied to university in January,…
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Economy shows surprise growth at end of 2024 – but living standards hit | Money News
Read Latest News The UK economy grew fractionally during the final three months of 2024, according to early official figures, which ease the immediate risk of a recession. The Office for National Statistics (ONS) reported a 0.1% rise in gross domestic product (GDP) during the fourth quarter, with only a recovery for growth in services…
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Why relief over economy in Downing Street may be temporary | Money News
Read Latest News Yes there are all sorts of provisos. The UK economy is still flatlining. A 0.1% expansion, in one key measure, is about as close as you can get to zero. Gross domestic product per head – a better measure of our living standards – is shrinking (indeed, it’s been shrinking for two…
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UK economy unexpectedly grows in final months of 2024
Read Latest News The UK economy unexpectedly grew in the final three months of last year following a boost to the construction and services sectors. The economy expanded by 0.1% between October and December, according to official figures, despite analysts predicting it would contract. Growth in the quarter was driven by a range of industries,…
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How Spain’s economy became the envy of Europe
Read Latest News Guy Hedgecoe Business reporter Reporting fromSegovia, central Spain Getty Images Spain attracts the second highest number of overseas visitors after France It’s a chilly mid-winter afternoon in Segovia, in central Spain, and tourists are gathered at the foot of the city’s Roman aqueduct, gazing up at its famous arches and taking selfies.…
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Interest rate path is tricky to navigate in tougher economy | Money News
Read Latest News Let’s start with the simple bit: interest rates have been cut – down by another quarter percentage point to 4.5 per cent. But what happens next? Not long ago, the answer was quite simple: the Bank of England would carry on cutting borrowing costs, one quarter point cut every three months, until…
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How fast is the UK’s economy growing and what is GDP?
Read Latest News The latest monthly figures show that GDP grew by 0.1% in November, partly driven by better trading for pubs, restaurants and the construction industry. This was the first growth for three months after the economy shrank in both September and October, but was lower than economists had expected. In December 2024, the…
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Big economy speech will take no immediate pressure off Rachel Reeves | Money News
Read Latest News Don’t, whatever you do, call it a “relaunch”. When the chancellor stands up and delivers her much-anticipated speech on Wednesday – with all sorts of exciting schemes for new infrastructure and growth-friendly reforms – she will cast it as part of the new government’s long-standing economic strategy. Having begun the job of…
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Chancellor Rachel Reeves to join celebrities and world leaders at WEF Davos to drum up support for UK economy | Money News
Read Latest News Chancellor Rachel Reeves will travel to the World Economic Forum (WEF) in Davos this week to court potential investors in UK growth projects, joining hundreds of political and economic leaders gathering in the Swiss Alps in the shadow of Donald Trump’s inauguration. Ms Reeves will join political leaders including German chancellor Olaf…
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Has Trump promised too much on the US economy?
Read Latest News EPA Trump gives economy speech in Pennsylvania Donald Trump has promised big changes for the world’s largest economy. An “end to the devastating inflation crisis”, tariffs and big cuts to taxes, regulation and the size of government are all on the agenda. This combination, he says, will ignite an economic boom and…
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Mortgage rules under review to get economy moving
Read Latest News Strict rules on mortgage lending could be loosened to allow more people to borrow for a home, as regulators respond to a call to boost to the economy. In a letter to be published later on Friday, the Financial Conduct Authority (FCA) is expected to say it will investigate ways to simplify…
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China’s economy grows by 5% but people remain worried about future job prospects | World News
Read Latest News China has released a slew of economic data this morning, showing its economy grew last year by a solid 5% percent, meeting the government’s target. Other annual figures released show that total retail sales of consumer goods were up by 3.5% last year, compared to 2023. But despite these positive indicators China’s…
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Five months after Labour’s election victory the UK economy was the same size as it was in July | Money News
Read Latest News Marginal gains, the science of extracting significant athletic advantage from numerous small changes, has long been a mantra in top-class sport. Numerous British competitors, from the velodrome to the track, have the medals to prove it. When it comes to economics, and more specifically to running an economy, this week has provided…
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UK economy grows for first time in three months
Read Latest News Official figures show the economy grew by 0.1% in November. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top Treasures & Fan Favorites!
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Economy returns to growth after two months of contraction | Money News
Read Latest News The UK economy returned to growth in November after two months of contraction, the latest official figures show, but by less than expected. Gross domestic product (GDP), the standard measure of an economy’s value and everything it produces, grew by 0.1%, according to data from the Office for National Statistics. It was…
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Germany: Europe’s largest economy is facing a third consecutive year of recession | Money News
Read Latest News Forget this week’s minor decrease in the UK inflation number. The most important European data release was the confirmation from Germany that, during 2024, its economy contracted for the second consecutive year. Europe’s largest economy shrank by 0.2% during 2024 – on top of a 0.3% contraction in 2023. Now it must…
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Badenoch challenges Starmer on economy and Siddiq at PMQs
Read Latest News Keir Starmer says Tories have “no ideas” and it’s “no wonder the country put them in the bin” Conservative leader Kemi Badenoch has challenged Sir Keir Starmer over the government’s handling of the economy, saying the UK was now “spending more on debt than on schools and hospitals”. Speaking at Prime Minister’s…
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Has Rachel Reeves crashed the economy? | UK News
Read Latest News 👉 Listen to Sky News Daily on your podcast app 👈 Chancellor Rachel Reeves is not having the easiest time reining in the economy. Last week saw markets turn against Labour’s economic strategy – with the cost of government borrowing surging and the pound dropping to its lowest value against the dollar…
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Liz Truss sends cease and desist letter to Sir Keir Starmer over claims she ‘crashed the economy’ | Politics News
Read Latest News Liz Truss’ lawyers have sent a cease and desist letter to Sir Keir Starmer over his claims she “crashed the economy”. The letter says Sir Keir’s continued claim the former Conservative prime minister crashed the economy with the September 2022 mini budget is defamatory and will “likely continue to cause serious harm…
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Liz Truss legal threat to Starmer over claim she crashed economy
Read Latest News Former Prime Minister Liz Truss has sent a legal “cease and desist” letter to Sir Keir Starmer demanding he stop saying she “crashed the economy”. Her lawyers argue the claim made repeatedly by Sir Keir is “false and defamatory” and harmed her politically in the run-up to losing her South West Norfolk…
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Beijing bets on rice cookers and microwaves to boost economy
Read Latest News The Chinese government has expanded a list of products that people can trade in to get a discount of as much as 20% on new products as the country tries to boost its flagging economy. The list now includes items like microwave ovens, dishwashers, rice cookers and water purifiers. State-backed trade-in schemes…
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‘Trump 2.0″ looms large over the global economy
Read Latest News Getty Images Chinese products could get more expensive for US consumers if Trump pushes ahead with new tariffs Inflation, interest rates and tariffs mean 2025 is shaping up to be an intriguing year for the global economy. One in which growth is expected to remain at a “stable yet underwhelming” 3.2%, according…
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Business, the economy and the pound in your pocket – what to expect from 2025 | Money News
Read Latest News UK business goes into the new year in a surly mood. New Chancellor Rachel Reeves‘s hike in employer’s National Insurance contributions (NICs) in her autumn budget will raise the cost of employing people and that is likely to have an impact on both hiring and investment. For individual sectors, there are specific…
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UK economy showed no growth in last quarter, revised figures show | Money News
Read Latest News The UK economy showed no growth in the last quarter, according to the revised figures from the Office for National Statistics (ONS). The previous estimate for July and September said the economy grew by 0.1%. Early estimates show that real GDP per head fell by 0.2% in the third quarter of 2024,…
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UK economy failed to grow between July and September
Read Latest News The UK economy failed to grow between July and September, revised official figures show. Initial estimates suggested the economy had grown by just 0.1% between July and September – and shrank during September itself. Uncertainty about the Budget had been blamed for such slow growth. In September, the Bank of England’s chief…
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UK economy heading for ‘worst of all worlds’, CBI warns – as businesses expect fall in activity | Politics News
Read Latest News The UK economy is “headed for the worst of all worlds” as businesses expect activity to fall at the start of next year, according to the Confederation of British Industry (CBI). The industry group’s growth indicator survey found that private sector firms expect to cut down on hiring, reduce output and for…
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‘Hope after horror’ and Labour ‘crashing the economy’
Read Latest News “I have no regrets” is the main headline on the front page of Metro. They are the words of Gisèle Pelicot about her decision to waive anonymity in order to speak out about the rape and sexual abuse she underwent for years while drugged, which was orchestrated by her husband and involved…
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UK economy shrinks for second month in a row
Read Latest News The economy had been expected to return to growth but data shows it contracted by 0.1%. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on…
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UK economy shrinks again in October, official figures show | Money News
Read Latest News The economy remained in a reverse gear during October, according to official figures covering the month ahead of the government’s first budget. The Office for National Statistics (ONS) said output fell 0.1% following the 0.1% decline recorded for the previous month. The data adds to the picture of a jittery economy during…
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Europe tries to boost economy as Trump presidency looms
Read Latest News The European economy is going to have a tough few years, if new forecasts are correct. Despite the European Central Bank (ECB) cutting interest rates for the third time in a row on Thursday, saying that lowering inflation was “well on track”, the outlook for growth is less rosy. “The element which…
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Euro area cuts rates again as economy slows | Money News
Read Latest News A third successive interest rate cut has been ordered by the European Central Bank (ECB) to help arrest a slowdown across the euro area. The Bank’s governing council said that while its battle against inflation continued to show real progress, it was also acting to help stoke weakening demand in the 20…
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Trump tariffs to have ‘insignificant effect’ on UK economy | Money News
Read Latest News Plans by Donald Trump to impose blanket tariffs on all imports to the US will have an “insignificant effect” on the UK economy, according to a poll of international economists. While policymakers at the Bank of England fret over the impact of threatened tariffs of up to 10% on UK goods and…
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Sir Keir Starmer puts UK economy first as he defies critics of Saudi Arabia trip | UK News
Read Latest News Sir Keir Starmer has said UK economic growth was his “number one mission” as he defended his trip to Saudi Arabia and the United Arab Emirates. The prime minister accused predecessor Boris Johnson of “going cap in hand from dictator to dictator” when the former PM met Saudi Arabia’s Crown Prince Mohammed…
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Ireland election: Why are generations divided on the economy? | World News
Read Latest News Eamon Fay has been making Irish dancing shoes for more than 40 years. He counts the Riverdance and Lord of the Dance troupes among his customers, as well as the thousands of young children who have taken up the hobby. Mr Fay, 57, is the only remaining Irish dance shoe manufacturer in…
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Poll: Sharp rise in concern about inflation as Britons increasingly think state of economy is poor | UK News
Read Latest News People from all parts of the UK, representing all age groups including a significant majority of Labour voters, believe the rate of inflation will increase in the next year across a range of categories, from bills and shopping to going out. Almost three quarters (71%) of those surveyed between 22 and 25…
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He’s ‘a clear and present danger’ to Ireland’s economy, so no wonder Donald Trump is key to its election campaign | World News
Read Latest News The closely-fought Irish general election campaign has entered its final day, as concern over the economic threat posed by Donald Trump becomes an electoral theme. With housing and the cost of living among key concerns, Irish voters are being wooed with substantial spending promises from the main parties, despite economists warning of…
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‘Business blames budget’ and ‘UK economy takes hit’
Read Latest News Several front pages lead with the UK economy taking a hit, with the Times reporting on new survey of businesses which shows private sector activity falling to a 13-month low. The paper reports businesses had “given a thumb’s down” to the government’s choice to increase employer National Insurance contributions in the Budget.…
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Sign of slowing economy as budget and weather meant surprise fall in retail sales | Money News
Read Latest News Budget fears and unseasonably warm weather meant consumers spent far less than expected last month, according to official figures. In a sign of a slowing economy, retail sales fell a sharp 0.7%, the Office for National Statistics (ONS) said. A drop of 0.3% was forecasted by economists polled by the Reuters news…
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Temu owner misses sales forecast as China economy slows
Read Latest News PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an economic slowdown. US-listed shares of the e-commerce giant fell nearly 11% on Thursday following the announcement. It comes after PDD’s main rivals in its home…
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How US fraud charges against him impact India’s economy and politics
Read Latest News Getty Images Mr Adani’s sprawling $169bn empire spans ports and renewable energy Just weeks ago, Gautam Adani, one of the world’s richest men, celebrated Donald Trump’s election victory and announced plans to invest $10bn (£7.9bn) in energy and infrastructure projects in the US. Now, the 62-year-old Indian billionaire and a close ally…
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Environment secretary Steve Reed tells farmers it is ‘hard to be sorry for trying to make UK’s economy work’ | Politics News
Read Latest News Environment secretary Steve Reed said it is “hard to be sorry for trying to make the country’s economy work” as he spoke to farmers for the first time since the budget. Mr Reed acknowledged he had let farmers down by saying a year ago, at the same conference he was speaking at,…
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New economy data tests Chancellor’s growth agenda | Money News
Read Latest News Labour has come into power and despite the headline quarterly figure showing slight growth, the economy is shrinking on a per capita basis. It is not the news the Chancellor was expecting, and it underscores the challenges she faces in delivering the government’s promise to turbo-charge growth. There is an alternative version…
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UK economy slows between July and September
Read Latest News The UK’s economy grew by 0.1% between July and September, according to the latest official figures. Growth was lower than expected and the Office for National Statistics said activity was subdued across most industries during the three months. Labour made boosting economic growth its top priority when it came into power, and…
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UK economy grows by 0.1% between July and September – but slower than expected | Money News
Read Latest News The UK economy grew by 0.1% between July and September, according to the Office for National Statistics (ONS). However, despite the small positive GDP growth recorded in the third quarter, the economy shrank by 0.1% in September. The growth was also slower than what had been expected by experts. Economists polled by…
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Brexit has ‘weighed’ on economy and UK ‘must rebuild relations’ with EU – Bank of England governor | Politics News
Read Latest News Brexit has “weighed” on the British economy and relations with the EU must be rebuilt, according to the governor of the Bank of England. Andrew Bailey’s comments come in a speech at the City of London’s Mansion House this evening and were widely trailed beforehand. He said although he takes “no position…
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China is trying to fix its economy. Trump could derail those plans
Read Latest News Reuters Donald Trump and Xi Jinping at their last face-to-face meeting in 2019 China is expected to unveil new measures to boost its flagging economy, as it braces for a second Donald Trump presidency. Trump won the election on a platform that promised steep import taxes, including tariffs as high as 60%…
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Kemi Badenoch says she will have opposite approach to Labour on economy
Read Latest News Badenoch: A lot of things we got wrong Conservative leader Kemi Badenoch said her approach to the economy would be “completely the opposite” to that of Chancellor Rachel Reeves. Speaking to the BBC’s Laura Kuenssberg on her first day in the job, Badenoch gave a first glimpse of her policy priorities, including…